27-09-2012 Extension deadline Basic insurers impact study until 09-11-2012

De Nederlandsche Bank N.V. (DNB) and the Ministry of Finance have decided to extend the deadline for submission of the Basic impact study until 9 November 2012.

The reason for this is the likely postponement of the implementation date of Solvency II, following extended negotiations in Brussels and the fact that less than half of all participants have so far submitted the required data. As a consequence, the decision to implement a change for Solvency II, of which the Basic insurers regime forms part, is also expected to incur a small delay. The rationale for this is that if the quality and quantity of submissions is sufficient, a better assessment can be made to underpin the decision to implement a change.